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Wednesday, November 22, 2017 1:15:58 AM
$282,015,694,642 Billion would be the new adjusted amount in the lawsuit against Apple, ATT, V, which does NOT include twitter:
Voip-Pal.Com Announces Plans to Increase Damage Demands in Lawsuits vs Apple, Verizon and AT&T
May 15, 2017 -- Voip-Pal.com, Inc. (“Voip-Pal,” the “Company”) (OTCQB:VPLM) announced their intent to increase the damage claims in its lawsuits against Apple, Verizon and AT&T. Over the past few months, the Company has been reevaluating the initial damage calculation claims made in its February 2016, lawsuits against Apple, Inc, in the United States District Court, District of Nevada case number 2:16-CV-00260, Cellco Partnership d/b/a Verizon Wireless and AT&T Corp. in the United States District Court, District of Nevada, case number 2:16-cv-00271. Voip-Pal has determined its initial claim for damages was calculated using a significantly lower royalty monetization model than has been used in actual court awards of recent patent infringement cases.
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Voip-Pal remains cautiously conservative with its newly revised calculations, using an amount 25% below actual recent court awards for damages. Upon the lifting of the current stay pending the completion of the instituted Inter Partes Reviews expected later this year, the Company may file an amended pleading to reflect the more accurate damage calculation model.
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Utilizing the updated damages award calculation methods, the revised total damages sought by Voip-Pal from Apple would rise from more than two billion dollars ($2,836,710,031), to more than twenty-five billion dollars ($25,642,557,840).
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An award in Voip-Pal’s favor may also include additional punitive damages awarded by the court, up to triple damages increasing the newly revised potential maximum total award to Voip-Pal to over one hundred two billion dollars ($102,570,231,360).
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Applying the updated damage award calculation method to Verizon and AT&T, the current damages sought from Verizon of more than two billion dollars ($2,382,872,100) would increase to over seventeen billion dollars ($17,262,042,011).
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The current damages sought from AT&T would increase from more than one billion dollars ($1,804,795,745) to over thirteen billion dollars ($13,540,863,431).
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Applying the maximum potential punitive damages, increases the maximum potential award from Verizon to more than sixty-nine billion dollars ($69 billion).
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Applying the maximum potential punitive damages, increases the maximum potential award from AT&T to more than fifty-four billion dollars ($54 billion).
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